Post
Topic
Board Economics
Re: Hmm... is it time to crash BTC exchange rates yet?
by
Bush
on 26/05/2013, 18:37:57 UTC
Unfortunately this is what happens with a currency that has a limited amount of units. If btc was limitless, then there would be no need for hoarding and thus its value would plummet as there would be btc in abundance. As an example, communities in the US are starting to use time as a unit of currency which is itself limitless in supply, thus eliminating the need to hoard. See www.themoneyfix.org

Interesting.